HSBC - FAB Application
HSBC wanted to provide an FX Benchmark fixing service to their clients.
FX Benchmark fixings are independent, auditable foreign exchange rates designed to provide an accurate reflection of the market at the time the rate is fixed. Submitting an order for execution at a particular fixing allows asset managers and corporate treasurers to be confident that they are achieving a competitive rate for the time of execution.
HSBC required a system to:
- Handle order flow from upstream order management systems
- Provide real-time aggregated trader/sales views of open positions for FX Benchmark fixings
- Provide automated FX order lifecycle and workflow management
- Integrate with downstream systems for credit limits, pricing and booking of orders
- Thin-client deployment
- Asynchronous real-time push delivery of data to users
- Full featured UI including aggregation and drill-down capabilities
Using Altio allowed for delivery of a system readily meeting HSBC requirements, enabling an important strategic initiative for the bank to be realised.